When you start into a chart like that there are so many stories, trendlines, triangles...etc...bottomline if gold is going to go and that chart cons. into a triangle most likely with the line from the two tops and most likely 400 -420 helping form the bottom unless a retest of the 360 area takes place and more of a flag is formed.......the targets will be quite good

So just looking at the bigger picture the double top is the res. to take out for a great go ahead and the 360 area is the support that needs to hold......if those are the guidelines for breakup and breakdown then only time will tell how the cons. within those two areas take place.....channel....flag...pennant or tri...so far it looks like a sym. tri could form but too early to say.....we need another bottom if this is a long cons.......and if it is a short one then poss. the mini channel we are running in on the weekly tells the story.

Drawing a line from 160 low to 360 low broadens the area that could be tested...even the 300 low to the 360 low.......both suggest this could go say to 420 or 400.....that lower high...so far suggests a cons. to come in some form...the prev. break from that wedge on the weekly, so soon, and the ...to date...only 30 percent retrace are both really bullish...the line across the top suggests a triangle if our viewpoint is that gold will go higher and another lowtesting supports should define the cons...unless of course it shoots thru the roof or conversely fall thru the floor...ha

Anyhow it's late and one could garner many stories out of that chart.....time to rest..